SHOWA PAXXS CORPORATION, First Half Ordinary Profit Increases by 36%

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Mon Nov 11, 2024 3:00 pm JST Earnings

3954 SHOWA PAXXS CORPORATION 【J-GAAP】

Earnings Report

SHOWA PAXXS CORPORATION <3954> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 817 million yen, an increase of 36.2% compared to the same period last year, exceeded the previous forecast of 630 million yen.

The progress rate against the 1.37 billion yen full-year plan was 59.6%, also surpassing the five-year average of 51.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 14.7% from the same period last year to 553 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 43.9% from the same period last year, reaching 449 million yen. The operating profit margin improved from 4.9% in the same period last year to 6.7%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	11,734	638	756	530	119.4	56.0	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	10,983	483	600	447	100.8	48.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	11,595	681	817	772	174.1	59.6	Nov 11, 2024	J-GAAP
YoY	+5.6%	+41.0%	+36.2%	+72.7%	+72.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	11,500	540	630	620	139.6	20	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	11,595	681	817	772	174.1	20	Nov 11, 2024	J-GAAP
Revision Rate	+0.8%	+26.1%	+29.7%	+24.5%	+24.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	10,668	538	648	515	116.0	20	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,905	499	553	358	80.6	20	Nov 11, 2024	J-GAAP
YoY	+11.6%	-7.2%	-14.7%	-30.5%	-30.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,277	1,115	1,349	947	213.5	40	May 11, 2023	J-GAAP
Mar, 2024	21,651	1,021	1,248	962	216.7	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	23,500	1,180	1,370	1,130	254.5	40	May 10, 2024	J-GAAP
YoY	+8.5%	+15.6%	+9.8%	+17.5%	+17.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,885	286	312	228	51.4	4.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	5,271	188	289	239	53.9	3.6	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	5,397	350	359	276	62.2	6.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,258	256	368	453	102.1	4.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	6,337	425	449	319	71.9	6.7	Nov 11, 2024	J-GAAP
YoY	+7.7%	+48.6%	+43.9%	+39.9%	+39.9%